Super guarantee rate now 12%: what it means for employers From 1 July 2025, the superannuation guarantee (SG) rate officially rose to 12% of ordinary time earnings (OTE). This is the final step in the gradual increase legislated under previous reforms. What’s Changed? Old rate: 11.5% (up to 30 June 2025)New rate: 12% (from 1 […]
Superannuation Rates and Thresholds 2025/26: What You Need to Know? Read More »
Key Tax Due Dates for August 14 August 2025 Lodge PAYG withholding payment summary annual report for: 21 August 2025 25 August 2025 28 August 2025 Lodge and pay the Q4 2024–25 Superannuation Guarantee (SG) charge statement if contributions were not paid on time. Lodge Taxable Payments Annual Report (TPAR). If you have any questions
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As the 2025 financial year draws to a close, several important tax changes will take effect from 1 July 2025, as outlined by the Australian Taxation Office (ATO). Here’s what individuals and businesses need to know: 1. Superannuation Guarantee Increase The Superannuation Guarantee (SG) rate will rise to 12%, completing the final step in a
July 2025 Essential Tax Summary Read More »
The Federal Government has proposed a new 15% tax on superannuation earnings for individuals with total super balances (TSB) over $3 million. This measure, known as the Division 296 super tax, is still not law and must pass through both Houses of Parliament. While the legislation is pending, the Government originally proposed a start date
Division 296 Super Tax: What You Need to Know and Plan For Read More »
Key Tax Due Dates for July The ATO has confirmed important lodgment and payment dates for registered agents and their clients in July 2025. These deadlines apply to activity statements, superannuation, and specialised reports for the June quarter and end-of-year obligations. 21 July 2025 28 July 2025 31 July 2025 If you have any questions
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If you have an existing tax debt with the ATO, it may soon cost you more. From 1 July 2025, two common ATO interest charges will no longer be tax deductible, meaning the after-tax cost of carrying tax debt will rise for many individuals and businesses. Which Interest Charges Are Affected? 1. General Interest Charge
Important Tax Update: Deductions for ATO Interest Charges Scrapped Read More »
Key Tax Due Dates for June As the end of the financial year approaches, the ATO has released important due dates for June 2025 lodgements, ensuring taxpayers and professionals stay compliant. Key dates include: 5 June 2025 21 June 2025 25 June 2025 30 June 2025 Stay ahead of your compliance obligations—mark these dates to
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With the Labor Party now holding a majority in the House of Representatives, let’s take a closer look at their key campaign promises and some unfinished business from their last term. Individuals $1,000 instant work-related expenses deduction Energy rebate extension Cheaper home batteries 5% deposit scheme for first home buyers Superannuation Division 296 tax on
Labor’s Victory: Unpacking the Promises and Priorities Read More »
With the 2025 tax season fast approaching, the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work-related expenses. This comes after a string of claims that didn’t quite pass the “pub test.” Here are a few examples of what didn’t get through: These claims were all deemed personal in nature and
From Air Fryers to Swimwear: Tax Deductions to Avoid Read More »
Tax Insights & Updates: What You Need to Know This Month As 30 June approaches, the focus will be on ensuring that trustees turn their attention to making valid resolutions for trust distributions for the 2025 income year. The ATO has released some guidance on key things that need to be considered when working through
June 2025 Essential Tax Summary Read More »
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
